The median list price in SAN DIEGO, CA 92127 – Rancho Bernardo this week is $1,198,900.
The Market Action Index has been climbing lately while days-on market are trending down, these point to a positive near-term outlook for the market.
Supply and Demand
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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For more information about single family homes in SAN DIEGO, CA 92127 – Rancho Bernardo, contact Lucy Kelts.